AIG Announces Leadership Change Due to Claude Wade's Health Issues

American International Group (AIG) announced a leadership change due to health issues, with Claude Wade stepping down as Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims on December 31, 2025. Wade will transition to an advisory role, which may impact the company's operations and leadership structure. The most recent analyst rating on AIG stock is a Buy with a $87.00 price target.

American International Group (AIG) has announced significant changes in its leadership structure. Executive Vice President, Chief Digital Officer, and Global Head of Business Operations & Claims, Claude Wade, will step down from his current responsibilities on December 31, 2025, due to ongoing health issues. Wade will transition to an advisory role with the company, which may impact the company's operations and leadership structure.

Wade has held senior leadership positions at AIG, overseeing digital strategy and business operations. The company has not provided details regarding a successor or further changes to the executive team. AIG maintains a strong financial health score of "GOOD" according to InvestingPro metrics [1].

In other recent news, American International Group (AIG) has appointed Scott Hallworth as Chief Digital Officer, effective September 1, 2025. Hallworth will lead the company’s digital and GenAI strategy, initially reporting to Claude Wade before transitioning to report directly to CEO Peter Zaffino in 2026. Hallworth previously held chief data and analytics officer and head of digital solutions roles at HP, and chief digital officer roles at Fannie Mae and Capital One [3].

The most recent analyst rating on AIG stock is a Buy with a $87.00 price target. Analysts have varying perspectives on AIG’s financial outlook. Keefe, Bruyette & Woods lowered its price target to $91, citing expectations for slower premium growth and higher core loss and expense ratios. Goldman Sachs adjusted its target to $85, maintaining a Neutral rating due to pressures on the loss ratio, despite higher net investment income. Jefferies reduced its target to $96, noting disappointing underlying results and deterioration in rate and trend commentary. CFRA decreased its target to $90, pointing to mixed top-line trends, including a modest increase in General Insurance written premiums [4].

References:
[1] https://www.investing.com/news/sec-filings/aig-announces-executive-transition-for-claude-wade-due-to-health-reasons-93CH-4198599
[2] https://www.reuters.com/legal/litigation/cvs-cannot-obtain-aig-chubb-opioid-coverage-top-delaware-court-rules-2025-08-18/
[3] https://www.businessinsurance.com/aig-names-new-chief-digital-officer-from-hp/
[4] https://www.marketbeat.com/stocks/NYSE/AIG/forecast/